Energy investor Quinbrook Infrastructure Partners has secured AUD $722m in new debt financing for a BESS site in Australia.
The financing will cover the first two stages of the Supernode battery project’s construction, which it is taking place north of Brisbane in Brendale.
The BESS will be able to store surplus solar energy and redistribute it during the evening at peak energy consumption periods.
BloombergNEF’s data shows that the BESS will have a capacity of 520MW in the initial two stages, which have already begun. The first stage is expected to be completed later in 2025.
Additionally, long-term offtake agreements with Origin Energy will enable a third stage of construction – set to bring the total capacity to 760MW. Queensland-state owned electricity generator, Stanwell, has signed a long-term offtake contract for the third phase.
Quinbrook Managing Director Brian Restall says: “We are grateful for the strong support received from both our existing and new financing partners who recognise the critical role that large-scale storage investments provide in supporting Queensland – and the wider National Electricity Market – as the energy transition accelerates.”
After the third phase, Quinbrook states the Supernode battery will be one of the largest batteries currently under construction worldwide.
The BESS will be on a 30ha site opposite the central node of the Australian state’s electricity grid, from which 80% of Queensland’s energy capacity transmits.
